Factors to consider when implementing an e-Business solution
The rate of change in e-business presents an enormous challenge to managers.
Business on the Internet is just beginning, and is evolving through a process of trial and error. Management flexibility is a key for survival and success in e-business.
The environment of any organization consists of all of the factors that are beyond its control, but influence the organization in one way or another.
Examples of these factors are shown in the figure, E-Business Environment and Strategies. To counter the potential adverse affects of these factors, the e-business can respond with strategies. An external strategy is an approach to deal with factors in the external business environment such as competitors, markets, and technological developments, that are beyond the company's direct control. This is different from a corporate strategy, which addresses factors under the company's control such as the approach to marketing, sales, and pricing. Other components of the business model such as the value proposition and sources of revenue may also include strategies.